Did you know that when you restring a guitar, a best practice is to take it one string at a time in order to keep constant, dynamic tension on the guitar at-all-times? Guitars perform best when each string is carefully tuned, living under constant tension. And the tension is REAL! Over the years of playing the guitar, there have been many times that I have broken a string while playing. When a string breaks, it often emits a loud popping noise and throws the whole guitar out of tune. As soon as the new replacement string is installed and tuned to its right note, it usually takes 2 full tunes of every string on
the guitar to get the whole guitar in tune and at peak performance.
When we meet with clients, we are often invited into the dynamic tension that exists in their personal financial life - trying to wisely balance spending, saving, investing, and giving. We often hear, “how much should I be spending on… Do I have enough cash reserves saved for my level of income and expenses? How are my investments performing? I love to be generous and give some of my money, but am I giving strategically and taking advantage of tax efficiencies?” Each aspect of our financial life affects the other and the tension isn’t easy to maintain. When one part of our financial life gets out of tune, it can affect the whole. Similar to how each guitar string needs to be tuned, for the guitar to perform at its optimal level, the more finetuned each aspect of our financial life is, the more our entire financial life works in harmony to perform at an optimal level as well.
Has it been a while since you have had a financial tune up? Would you benefit from a second opinion on your current investment strategy? Let’s chat. It brings our team great joy to meet with our clients and roll up our sleeves to develop plans that provide clarity and action steps to achieve their goals.
Securities and Investment Advisory Services Offered Through M Holdings Securities, Inc., a Registered Broker/Dealer and Investment Advisor. Member FINRA/SIPC. Rose Street Advisors is independently owned and operated. #5072309.1
